New World of Hyatt Credit Card, Big Time Improvement
Hyatt announced a new World of Hyatt credit card and let me tell you, it got a lot better! Could it be that a company finally took a look at what people want and actually listened? The bonus got better, the perks got better, and the earning structure got better!
Details on the Bonus
The new World of Hyatt credit card comes with the following sign up bonus:
- 40,000 Hyatt points after $3,000 in spend
- An additional 20,000 Hyatt points after $6,000 in total spend within 6 months ($3,000 more)
This is an increase of 20,000 bonus points compared to the previous offer. It is unclear if you still get 5,000 points for adding an authorized user but I think that is likely.
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Earning Structure
The new World of Hyatt credit card comes with the following earning structure:
- 4 points per dollar at Hyatt properties
- 2 points per dollar at
- Restaurants
- Fitness club/gym memberships
- Airfare booked directly with airlines
- Local transit including rideshare (Uber, Lyft etc.)
- 1 point per dollar on everything else
Card Perks
The card perks is where the World of Hyatt credit card really shines. You still get the 1-4 category anniversary night each year. But now you can earn an additional night each year after $15,000 in spend.
You can also earn 2 nights in elite credit per $5,000 in spend. The card still comes with Discoverist status and gives you 5 nights elite credit for carrying it.
Compare This & Other Hotel Card Offers
What About Current Cardholders?
Current Hyatt credit card holders will be offered a one time upgrade offer for 2,000 points. The new World of Hyatt credit card comes with a $95 annual fee.
Conclusion
This is some amazing news. Chase completely revamped this card and made it an everyday spend possibility. They may be trying to scoop up all of the SPG credit card spend American Express will be losing come August.
We will bring you more detailed analysis over the next few days but let me know what you think in the comments section. This card is worth getting and putting at least $15,000 in spend on each year in my opinion.
Hat Tip Business Wire
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Does upgrading to the new Hyatt card count as an application with the chase 5/24 rule ?
No it is a product change so it shouldn’t count against anything.
Can existing Hyatt Card holders apply, rather than upgrade, for this and get the full bonus?
If not, what if I cancelled my current card, which is about to renew next week, and then apply for this? Am I consisered a new cardholder ?
You have to close the old card to be able to get the new one as far as I know. Also it has to be 24 months since you got the bonus on the old card to be able to get it on the new one too.
Assuming no violation of 5/24 rule, have you heard any data points on someone closing the old card and being denied for the new card?
No quite a few people have done it without issues. I think they usually waited a few weeks to a month before reapplying just to be on the safe side. As long as it has been 24 months since the last bonus and you are under 5/24 it should work fine.
Thank you! I am ok on both of those rules. Just sad that I didn’t pull this trigger before the bonus decreased today 🙁
Yeah 50K is a solid offer but that 10K does sting some 🙁
Thanks, Mark!
My sister/traveling companion just applied for the card and was approved. Now we have the 2 free nights around the same anniversary date.
We have 3 trips planned over the next 4 month all on free Hyatt/UR points and now we’ll have 2 free nights for next year. We keep racking up the UR points to transfer to Hyatt, and it has worked out well. Thank you, Mark, for letting us know about this new card!
Excellent – congrats Karen!
Called about upgrade this morning, and they did not see the 2000 points for the upgrade….
I would give it a little while for them to roll it out. I would guess we should see something in a week or so.
I really hope you have better options for these bonus categories then 2 Hyatt points. CSR, CSP would both net you equivalent or more UR points (aside from the gym bonus). The question boils down to if you’d prefer 15,000 Hyatt points plus a one time use category 1-4 certificate. I’d argue that it’s a stretch to value the certificate at 15,000 points as everyone would prefer the flexibility of even Hyatt points over a one time use certificate that expires at most in 12 months. I’d prefer 22,500 UR flexible points that don’t expire.
It totally depends on what your situation and need is. If you find yourself transferring out to Hyatt often then I think it is a good deal…if you use them sparingly then it wouldn’t be a good deal for you. If you are going to transfer them out anyway why not put that spend on something that can save you 2 UR points per dollar (not having to transfer). It sounds like you don’t use Hyatt a ton so probably not a good fit. Most people will most likely MS the 15K anyway.
The gym membership bonus category seems unique. Any other cards offer that?
There is a card called something like Cash Plus, which has quarterly categories that you get to select and offers gym memberships as an option. It is a cash back card, not a points-earning card, though.
As far as I know, it is the only one – until now.
So, yeah, this is a new and exciting bonus category.
I wonder if gym memberships is specific only to the membership fee or if it also includes other gym-related fees, such as personal training.
Not many if any. So something nice. Wish it would have been grocery though :). Chase seems to hate grocery stores!
Yes! Glad someone else sees this. Grocery bonuses are the best.
Only the IHG card has it…it must be a calculated decision because it is most people’s top expense.
Why would you want to put $15,000 spend on this card per year when you can earn 22,500 UR points with a Freedom Unlimited for that same spend. You can still transfer for a category 1-4, but your points will be far more flexible. Even if you will definitely redeem for a category 4 (worth 15,000 points) in which case you’re coming out 7,500 Hyatt points ahead, I still don’t think it’s worth giving up the flexibility of UR points. I can certainty understand signing up and keeping for the annual night + 60,000 point bonus, but 15k yearly spend…blah
Because the only way you wouldn’t come out ahead is if you used the certificate at a category one hotel plus you would rack up 6 elite nights with that spend as well if you care about status at all it is something to consider.
Cat 2 – at least 23,000 points
Cat 3 – at least 27,000 points
Cat 4 – at least 30,000 points
Hyatt is also the most valuable transfer partner UR has (on average) so 7,500 points is no small change. I think most people are going to disagree with you but if you don’t value Hyatt points or use them as a UR transfer partner then it wouldn’t be the best option for you.
Simple math:
– If you spend $15,000, then you get at least 15,000 points, and more if you are careful to spend in bonus categories. (You will get 30,000 points if all your spend is at 2 points per dollar. More if some of that spend is at actual Hyatt properties – as must as 60,000 points if ALL That spend is at Hyatt properties.)
– PLUS, you ALSO get a free night certificate, which, if used at a cat 4 property, can be worth at least 30,000 points.
—- As Mark points out above, even at a cat 2 property, the certificate is worth at least 23,000 points.
—- Additionally, this certificate makes using your first, free certificate better – you can now have TWO nights, consecutively, if you wish, both in your name. Four if you have a spouse with the card.
– PLUS, you also get credited for 6 elite nights, just for doing that spend. That’s 2 nights for each $5,000 spend; $15,000 is $5,000 x 3, in case you’re wondering where I got that number.
– I believe you also get an elite night when you spend that certificate? I’m not sure about that one.
Summary:
So, for your 15,000, you get a minimum value of 45,000 points – or 38,000 points if you choose to value your certificate at the cat 2 level. You also get 6 extra elite nights thrown in for free. Compare this to the 22,500 you would get for Freedom Unlimited, and it looks pretty damn good.
If you spend only in 2 point and 4 point categories, you now jump your earnings to at least 60,000 points, or, again, 53,000 if you choose to value the certificate at the cat 2 level. Plus, you still get those 6 elite nights.
Obviously, UR points are more versatile. Those 22,500 points could be used for something aspirational such as a Singapore Suite, or something practical such as not breaking your bank such as tickets to Australia. (In both cases, obviously, you will need to join these 22,500 points with additional points to get these things. But I mean, they can be used towards these goals.)
But, if you like and use Hyatt points, this is an amazing deal.
Bleah. My numbers/wording was wrong. A single cat 4 certificate is worth 15,000 points, and a cat 2 is worth 8,000. I think I must have cribbed the numbers on Mark’s post and let them feed me false ideas.
Adjustment: Your $15,000 spend gives you 30,000 points, or 32,000 at cat. 2 – as Mark said. Doh.
If you spend in 2 point categories, your value jumps to 45,000 points, or 38,000 at cat 2.
Are current cardholders going to get an email for the upgrade or how is it going to work? Anybody knows?
For other cards it has been via email but I am not sure at this point.
I missed the part about American Express losing SPG in August. do you have a post I can read?
They are not losing it but the earning rate drops from 3 Marriott points down to 2 so everyone is going to stop putting spend on the card come August 1st.